Arlington Asset Investment Corp (NYSE:AI) - Equities researchers at FBR & Co reduced their FY2017 earnings estimates for shares of Arlington Asset Investment Corp in a research note issued on Wednesday. FBR & Co analyst J. Levi-Ribner now expects that the financial services provider will post earnings of $0.26 per share for the year, down from their previous estimate of $1.35. FBR & Co also issued estimates for Arlington Asset Investment Corp’s Q4 2017 earnings at $0.37 EPS, Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.48 EPS.
Other equities analysts have also issued reports about the company. Singular Research initiated coverage on Arlington Asset Investment Corp in a research report on Tuesday. They issued a “buy” rating and a $14.25 target price on the stock. Maxim Group reaffirmed a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. Zacks Investment Research raised Arlington Asset Investment Corp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, May 1st. Finally, ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.15.
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Shares of Arlington Asset Investment Corp (NYSE AI) traded up 1.24% during trading on Monday, reaching $13.06. 119,793 shares of the company’s stock traded hands. The stock’s market capitalization is $308.58 million. Arlington Asset Investment Corp has a 1-year low of $12.63 and a 1-year high of $17.13. The company has a 50 day moving average price of $13.96 and a 200 day moving average price of $14.35.
Arlington Asset Investment Corp (NYSE:AI) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $18.93 million during the quarter, compared to analysts’ expectations of $20.28 million. Arlington Asset Investment Corp had a negative net margin of 33.84% and a negative return on equity of 10.14%.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, June 30th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 17.05%. The ex-dividend date was Wednesday, June 28th. Arlington Asset Investment Corp’s payout ratio is -146.67%.
Several institutional investors have recently made changes to their positions in AI. BlueCrest Capital Management Ltd acquired a new position in shares of Arlington Asset Investment Corp during the first quarter worth about $147,000. Karp Capital Management Corp acquired a new position in shares of Arlington Asset Investment Corp during the first quarter worth about $149,000. SG Americas Securities LLC acquired a new position in shares of Arlington Asset Investment Corp during the first quarter worth about $179,000. American International Group Inc. raised its position in shares of Arlington Asset Investment Corp by 7.2% in the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after buying an additional 937 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Arlington Asset Investment Corp during the first quarter worth about $196,000. 42.71% of the stock is currently owned by institutional investors.
Arlington Asset Investment Corp Company Profile
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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